1, HOME FARM CLOSE, SANDOWN, PO36 9QF - £155,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 HOME FARM CLOSE is a very small detached house of 58m², built sometime between 1967 and 1975. It was last sold for £155,000 in January 2014, which was around 39% below the average January 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

1 HOME FARM CLOSE Sold Prices

Land registry data shows two sales for 1 HOME FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 1 HOME FARM CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 31 JAN	£155,000	£254,926	39% below HPI
2004 4 JUN	£145,000	£216,466	33% below HPI

1 HOME FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 1 HOME FARM CLOSE sales from June 2004 and January 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2014 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 1 HOME FARM CLOSE be worth now?

1 HOME FARM CLOSE might now be worth an estimated £243,860.

This is based on house price inflation of 57.3%, between January 2014 and December 2024, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.3% inflationary increase is applied to the most recent sale price for 1 HOME FARM CLOSE of £155,000 on 31st January 2014. For the value to have increased from £155,000 to £243,860 over the nine years and one month to December 2024, the following assumptions must hold true:

• The value of 1 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2014 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HOME FARM CLOSE has not materially changed since January 2014.

How Large is 1 HOME FARM CLOSE?

1 HOME FARM CLOSE is 58m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses houses in Sandown, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sandown, and where 1 HOME FARM CLOSE lies on this distribution: 9% of detached houses houses are smaller than 1 HOME FARM CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Sandown.

1 HOME FARM CLOSE: Plot and Title Map

1 HOME FARM CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 1 HOME FARM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 HOME FARM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 HOME FARM CLOSE?

1 HOME FARM CLOSE is located in SANDOWN, in the PO36 postcode district. The below map shows the position of No. 1 on HOME FARM CLOSE.